Andras Technology has accounts receivable of $35,680, total assets of $538,500, cost of goods sold of $325,400, and a capital in
1 answer:
You might be interested in
<u>Given:</u>
Wages payable at the beginning of the year = $1500
Wages payable at the end of the year = $5000
Salaries and wages expense as per the income statement = $112400
<u>To find:</u>
Cash paid for salaries and wages
<u>Solution:</u>
The calculation of the cash paid for salaries and wages is as follows,
Wages payable at the end of the year-Wages payable at the beginning of the year =
Cash paid =
Therefore, the cash paid for salaries and wages during the year is $1,08,900.
Wages and salaries are paid by the organization or management to the workers or the employees in return for the work done by them for the company.